Best Money Management Apps

Contributor, Benzinga

Keeping your finances organized no longer means spending hours balancing your checkbook and cataloging receipts. Using a money and investment management app can make it easier to track your spending, see where your money is going and manage your investments. While there are hundreds of financial apps available, the best option for you will depend on your individual needs. 

Best Budget Apps

A budgeting app can help you manage your money more effectively by analyzing your spending and helping you cut down on unnecessary purchases. Link your bank account and credit cards to your budgeting app, which then tracks and logs your transactions. The best budgeting apps allow you to make progress toward reducing your debt and saving more money by offering the following features:

  • Categorize your spending. When you make a purchase using a credit or debit card linked to your budgeting app, the app will automatically log it and categorize it. Categorization makes it easier to see how your spending varies between categories.
  • Track your income and expenses. The right budgeting app doesn’t only track your expenses — it can also show you how your income compares to the amount you spend each month. Income tracking can be especially useful if you’re self-employed and the amount you own varies from month to month.
  • Set savings goals. If you’re saving up for a large purchase (like a down payment on a home or a vacation), your budgeting app can help you track how much you’re putting away each month. First, enter the total amount of money you’re hoping to save in your budgeting app. Then, as you deposit money into your account, the app will track your progress.

Some accounts may also allow you to pay bills directly through the app.

The right budgeting app for you will vary depending on the types of account you want to link, whether you prefer to manually enter your spending categories and other investment features you need. Consider a few of our top choices below if you don’t know where to begin. 

get started securely through Empower | Budget App’s website
get started securely through Acorns’s website
Pricing
$1/mo
Account Minimum
$5
1 Minute Review

Acorns can help you roll your pennies into crisp hundreds with automatic savings, rounding up on purchases and inexpensive set-it-and-forget-it portfolio management. Integrate your checking, savings, investment and retirement accounts into 1 financial hub on your smartphone.

Best For
  • Newer investors looking to leave the heavy pulling to a robo-advisor
  • Regular debit card users who want to save change automatically
  • Families building wealth
  • Prepping for future investing
Pros
  • Inexpensive subscription cost at each tier
  • Smart, intuitive automatic investing strategies that utilize your spare change without leaving you cash broke
  • Retirement accounts like IRAs and 401(k)s available for investment and management, which isn’t always the case with robo-advisors
  • Heavy metal debit card (maybe not the most important factor but still pretty cool)
Cons
  • No direct relationship with a financial advisor or certified financial planner
  • No socially-responsible investing portfolio model
Get started securely through Personal Capital’s website
get started securely through Stash’s website
Disclosure: Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. Investing involves risk and investments may lose value. Holdings and performance are hypothetical. Nothing in this material should be construed as an offer, recommendation, or solicitation to buy or sell any security. All investments are subject to risk and may lose value. Bank Account Services provided by and Stash Visa Debit Card (Stock-Back® Card) issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association
Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
1 Minute Review

Stash is a personal finance hub app that offers access to investing and banking services. Designed for everybody, you can use Stash to budget, invest, bank, and gain financial literacy. Additionally, they offer tiered monthly subscription plans.1 

Best For
  • Casual investors or people looking to test the waters
  • Long-term investors who can tolerate potential market volatility
  • Savvy investors who can self-direct their strategy with the help of expert advice
Pros
  • No investing minimums2
  • Fractional shares
  • Flat-rate fee structure3
Cons
  • All educational services are done through the app/website, and there is no personal advisor on the phone or in person
  • Can’t roll over existing retirement accounts like a 401(k) or IRA

Best Banking Apps

Though most people already use online banking services, many banks also offer their own proprietary apps as well. Banking apps are safe and convenient — they might even add enhanced security with fingerprint and facial ID services.

When you select a banking app, look for the following features:

  • An intuitive platform: Your mobile banking app shouldn’t be difficult to operate. Look for an app with an easy-to-understand design, tools that are quick to locate and automatic log in features.
  • Check deposits: One of the most significant advantages of using a banking app over an online banking platform is in-app check deposits. Simply snap a photo of the front and back of your check, upload it to your banking app and deposit it directly into your account — no special trip to the bank is needed.
  • High-tech security features: Keeping your password and account access confidential is crucial. From two-factor authentication to thumbprint scan locks, be sure that your banking app allows you to ensure that no unauthorized party can access your account.

Here are a few of our favorite mobile banking apps. 

Get started securely through Credit Karma’s website
Get started securely through Chime’s website
Disclosure: *Early access to direct deposit funds depends on the timing of payer’s submission of deposits. Chime generally posts such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.
Best For
Online banking
N/A
1 Minute Review

It’s rare to come across a banking service against profiting off its customers, but then there’s Chime. Chime is a mobile banking tech company that offers totally free banking, including no-fee overdraft protection and 0% interest with its credit card.

Rather than making a dime off its members, Chime partners with Visa and receives a portion of the merchant fee incurred whenever you use your Chime card.

Chime is a great banking app for anybody, but it’s even more perfect if you’re trying to grow your savings, improve your credit or want the convenience of keeping your bank in your back pocket. Oh, and did we mention it’s free?

Best For
  • NO ridiculous fees
  • 100% digital banking
  • Member-focused products and services
Pros
  • Easy transfers between accounts
  • Free, no-fee banking
  • Award-winning mobile banking
Cons
  • Limited product offerings
  • No brick-and-mortar locations for those who prefer in-person banking

Best Crypto Apps

If you’re interested in trading cryptocurrencies or tracking your crypto holdings on the go, a crypto app might be right for you. There are multiple types of cryptocurrency apps, ranging from exchange apps that allow you to execute trades to digital wallets that will enable you to track your holdings and keep them safe. A few characteristics you might want to look for in a cryptocurrency app include:

  • Coin availability: If you want to buy and sell cryptocurrencies, check online to see that the app you’re downloading supports the coins you wish to trade. There are thousands of cryptocurrencies in existence and not every app supports every coin.
  • Security features: High-level security features are especially important when it comes to buying, selling and storing cryptocurrencies. Due to the decentralized and anonymous nature of the market, it can be almost impossible to recover your tokens if your account gets hacked. Search for apps that offer two-factor authentication and back-end encryption to protect yourself and your finances.
  • Real-time data: The cryptocurrency market is highly volatile — it’s normal to see a coin gain 100% in value or lose half its value in just a few hours. Real-time data is a must-have for any cryptocurrency app.

Browse a few of our favorite crypto trading apps below. 

earn free crypto securely through Coinbase’s website
Best For
Coinbase Learn
N/A
1 Minute Review

Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. 

You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.

Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.

Best For
  • New cryptocurrency traders
  • Cryptocurrency traders interested in major pairs
  • Cryptocurrency traders interested in a simple platform
Pros
  • Simple platform is easy to operate
  • Comprehensive mobile app mirrors desktop functionality
  • Coinbase Earn feature rewards you with crypto for learning about available coins
Cons
  • Higher fees than competitors
claim free Bitcoin securely through Voyager’s website
Disclosure: *Other fees may apply.
Pricing
$0 Commissions*
Account Minimum
$10
1 Minute Review

Voyager is a leading name in the sphere of cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell and swap assets using Voyager Crypto’s simple mobile platform available as a free download for iOS and Android users. 

When you invest through Voyager, you’ll pay nothing in commissions, which is a major benefit when compared to other cryptocurrency brokers. Voyager is also one of the only brokers we’ve seen that allows users to earn interest on their crypto investments. 

Though the broker could do more to improve its customer service, it’s an excellent option for beginner investors and seasoned professionals alike.

Best For
  • Cryptocurrency investors looking for a wide selection of supported projects.
  • Investors who prefer mobile trading.
  • Anyone interested in earning interest on their crypto investments.
Pros
  • Simple, straightforward and intuitive mobile platform
  • Wealth of investment opportunities
  • Allows users to earn interest on select crypto investments
Cons
  • Only available for mobile users — no desktop platform
  • Limited routes to contact customer service team
get started securely through eToro’s website
Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Best For
Copy Trading
N/A
1 Minute Review

eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features

Best For
  • U.S. based cryptocurrency traders
  • Investors looking to CopyTrade other traders
  • Simple user interface
Pros
  • Several major cryptocurrencies and altcoins
  • Expansive network of social trading features
  • Large client base for new traders to imitate
Cons
  • Only 29 coins available

Best Day Trading Apps

Day trading is a type of stock trading that relies on short-term trades, usually executed over the course of a few hours. A day trading app can give you more freedom to trade without being tied to your desktop computer. Some characteristics you’ll want to search for when you choose a day trading app include:

  • A simple platform: Even if you’re a very experienced trader, you’ll still want to search for a day trading platform that’s simple and straightforward. Endlessly flipping through order options and charting screens can hinder the fast-paced nature of the day trading market.
  • Real-time data and prices: Like trading cryptocurrencies, day trading often relies on short-term price movements. Having the most recent and up-to-date price information is essential in any day trading app.
  • Low fees and commissions: Some brokerages charge a fee when you place a buy or sell order. Though many brokerages have switched to a $0 commission structure, even a small per-trade service fee can quickly cut into any profits you earn. Before you open a brokerage account, make sure you have a complete understanding of the broker’s fees.

Browse a few of our favorite apps for day trading in the chart below. 

get started securely through Robinhood’s website
Best For
Beginners
N/A
1 Minute Review

Robinhood is a broker designed for traders who want a simple and easy-to-use platform. It takes out all the bells and whistles that can be confusing to the modern day trader, serving as the perfect place for beginners to learn the markets. The interface is intuitive and easy to master, streamlined to ensure you don’t get distracted as you build a portfolio. Though advanced traders might like more thorough analysis tools, Robinhood gives you everything you need to start trading and learn the ropes.

Best For
  • Beginner traders
  • Mobile traders
Pros
  • Streamlined, easy-to-understand interface
  • Mobile app with full capabilities
  • Can buy and sell cryptocurrency
Cons
  • Fewer analysis tools than most
  • Only taxable, non-retirement accounts are available
get started securely through TradeStation’s website
Best For
Futures Trading
N/A
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
get started securely through TD Ameritrade’s website
Best For
Options Trading
N/A
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates

Best Investment Apps

If you’ve never invested before, you might find the process of opening a taxable brokerage account or IRA to be intimidating or confusing. Opening your first account through an investment app can offer a simpler and more straightforward way to begin investing and track your investments over time. Some qualities you may want to look for in your investing app include:

  • Automatic deposits: Some investing apps aimed at beginners (like Acorns) make it easier to invest by automatically withdrawing small deposits from your banking account and placing it into an investment account. If you have trouble saving money, you might want to consider an investing app with this feature.
  • Reasonable fees: Your investment app provider may charge an annual or per-purchase fee for using its service. Be sure you understand the fees you’ll be subject to before you decide where you’d like to open an account.
  • Full purchase capabilities: Some brokerages only allow you to check your balances through their apps. Look for an investing app that enables you to place buy and sell orders directly on the app’s platform for convenient investing at your fingertips.

Not sure where to begin? Consider a few of our favorite investing apps below. 

get started securely through Stash’s website
Disclosure: Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. Investing involves risk and investments may lose value. Holdings and performance are hypothetical. Nothing in this material should be construed as an offer, recommendation, or solicitation to buy or sell any security. All investments are subject to risk and may lose value. Bank Account Services provided by and Stash Visa Debit Card (Stock-Back® Card) issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa is a registered trademark of Visa International Service Association
Pricing
$1, $3, or $9 a month 1
Account Minimum
  • $0 for Personal Portfolio, Investment Account (Taxable Brokerage Account) and Bank Account
  • $1 for IRA and Custodial Accounts
1 Minute Review

Stash is a personal finance hub app that offers access to investing and banking services. Designed for everybody, you can use Stash to budget, invest, bank, and gain financial literacy. Additionally, they offer tiered monthly subscription plans.1 

Best For
  • Casual investors or people looking to test the waters
  • Long-term investors who can tolerate potential market volatility
  • Savvy investors who can self-direct their strategy with the help of expert advice
Pros
  • No investing minimums2
  • Fractional shares
  • Flat-rate fee structure3
Cons
  • All educational services are done through the app/website, and there is no personal advisor on the phone or in person
  • Can’t roll over existing retirement accounts like a 401(k) or IRA
get started securely through Betterment’s website
Pricing
0.25% annual fee
Account Minimum
$0
1 Minute Review

Betterment is a smart robo-money manager that helps you save, invest and even spend your money. It has more than 500,000 registered customers and manages over $21 billion in assets. As a fiduciary, Betterment is committed to act in your best interest at all times. The investing platform lets you manage your money, guide your investments and plan your retirement at your convenience.  

Best For
  • Investors with defined financial goals
  • People who are new to investing
  • Passive investors who want to diversify their portfolio
  • Investors who want to invest heavily in ETFs
  • Investors looking for low-cost investment options
  • Investors looking to plan their retirement
Pros
  • Can open an account with a $0 minimum balance
  • Offers goal-based investing
  • Charges low annual management fees
  • Offers a wide range of stocks and ETFs
  • Provides access to advanced investing tools
  • Provides personalized financial advice plans
Cons
  • Charges a high fee for personalized financial advice comparatively
  • Not suitable for day traders and short-term investors
  • Does not offer any real estate stocks, commodities and foreign exchange
get started securely through Acorns’s website
Pricing
$1/mo
Account Minimum
$5
1 Minute Review

Acorns can help you roll your pennies into crisp hundreds with automatic savings, rounding up on purchases and inexpensive set-it-and-forget-it portfolio management. Integrate your checking, savings, investment and retirement accounts into 1 financial hub on your smartphone.

Best For
  • Newer investors looking to leave the heavy pulling to a robo-advisor
  • Regular debit card users who want to save change automatically
  • Families building wealth
  • Prepping for future investing
Pros
  • Inexpensive subscription cost at each tier
  • Smart, intuitive automatic investing strategies that utilize your spare change without leaving you cash broke
  • Retirement accounts like IRAs and 401(k)s available for investment and management, which isn’t always the case with robo-advisors
  • Heavy metal debit card (maybe not the most important factor but still pretty cool)
Cons
  • No direct relationship with a financial advisor or certified financial planner
  • No socially-responsible investing portfolio model

Best Forex Apps

The foreign currency market (usually abbreviated to “forex market”) allows you to take advantage of fluctuations in currency values and potentially make a profit. Forex traders who use a short-term trading strategy might benefit from the convenience offered by forex trading apps. Here are a few things you should look for when you compare forex app options:

  • Education resources: The best forex trading apps don’t only offer you access to the currency markets — they also provide you with research and education tools you can use to enhance your trading. If you’re new to forex, look for an app with a robust research section and a comprehensive set of trading tools.
  • The currencies you want to trade: Not every forex app offers access to every currency that exists. Know which currencies you’d like to trade before you select an app.
  • An account minimum you can afford: Though not every forex broker has an account minimum, many do. Be sure you know how much money you’ll need to open an account before you create an account.

Browse our top choices for forex brokerage apps below. 

get started securely through FOREX.com’s website
Best For
Forex Investing
N/A
1 Minute Review

FOREX.com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker.

Best For
  • MetaTrader 4 users
  • Beginner forex traders
  • Active forex traders
Pros
  • Impressive, easy-to-navigate platform
  • Wide range of education and research tools
  • Access to over 80 currencies to buy and sell
  • Leverage available up to 50:1
Cons
  • Cannot buy and sell other securities (like stocks and bonds)
get started securely through eToro’s website
Disclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Best For
Copy Traders
N/A
1 Minute Review

Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. U.S. traders can begin buying and selling both major cryptocurrencies (like Bitcoin and Ethereum) as well as smaller names (like Tron Coin and Stellar Lumens).

eToro offers traders the opportunity to invest their assets into premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Though eToro isn’t a one-stop-shop for everything an investor needs, its easy-to-use platform and low spreads is a great way to enter the cryptocurrency market.

Best For
  • International Forex/CFD Traders
  • New cryptocurrency traders looking for an easy-to-use platform
  • Traders who want to buy and sell cryptocurrencies on-the-go
Pros
  • Simple platform that is easy to master
  • CopyTrader feature that allows new traders to copy the same strategies used by professionals
  • Virtual dummy account that gives you $100,000 to practice trades
Cons
  • U.S. traders currently limited to cryptocurrencies
  • Only 15 major coins available to trade
get started securely through IG Markets’s website
Best For
Forex Execution
N/A
1 Minute Review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.  

Best For
  • New forex traders who are still learning the ropes
  • Traders who prefer a simple, clean interface
  • Forex traders who trade primarily on a tablet
Pros
  • Easy-to-navigate platform is easy for beginners to master
  • Mobile and tablet platforms offer full functionality of the desktop version
  • Margin rates are easy to understand and affordable
  • Access to over 80 currency pairs
Cons
  • U.S. traders can currently only trade forex
  • Customer service options are lacking
  • No 2-factor authentication on mobile

Enhance Your Finances with Better Money Management

No matter which money management app you choose, you should remember that these applications are only as useful as you make them. Explore the tools in your app of choice and regularly update your budget or investment goals to make the most of your new financial tool. 

Disclosures

1 Stash offers three plans, starting at just $1/month. For more information on each plan, visit our pricing page.  You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian.

Benzinga is a paid Affiliate/partner of Stash. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser.